First Choice Healthcare Solutions Inc (FCHS) Financial Statements (2025 and earlier)

Company Profile

Business Address 709 S. HARBOR CITY BLVD.
MELBOURNE, FL 32901
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8071 - Medical Laboratories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments132,0164,5941,595279739
Cash and cash equivalents132,0164,5941,595279739
Receivables929,85510,3577,2961,8051,272
Deferred costs    406857
Other current assets207     
Other undisclosed current assets 677423676472397
Total current assets:31212,54715,3739,6072,6242,465
Noncurrent Assets
Operating lease, right-of-use asset2,437
Property, plant and equipment2622,2952,5458,6148,2948,662
Intangible assets, net (including goodwill)  899899 245265
Goodwill  899899   
Intangible assets, net (excluding goodwill)     245265
Deposits noncurrent assets     33
Deferred costs     38132
Other noncurrent assets    4,404553686
Other undisclosed noncurrent assets1123,0093,328 (285)(399)
Total noncurrent assets:2,8126,2046,77313,0178,8479,348
TOTAL ASSETS:3,12318,75122,14622,62411,47111,813
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,4112,3792,0833,9371,457459
Settlement liabilities  600 
Interest and dividends payable   1 
Taxes payable224181   
Other undisclosed accounts payable and accrued liabilities8,4112,1561,9023,3371,456459
Debt19,2171,5702,05910,2201,9701,544
Deferred compensation liability    1,199538166
Deferred revenue and credits1502651623975
Due to related parties252252680  
Customer advances and deposits  43224
Other undisclosed current liabilities2992241816002,149 
Total current liabilities:27,9274,5744,84016,8416,3762,244
Noncurrent Liabilities
Long-term debt and lease obligation 1,2842,6922,3502,7448,25711,356
Long-term debt, excluding current maturities 1,2842,6922,3502,7448,25711,356
Liabilities, other than long-term debt2,443   7373
Customer advances or deposits   7373
Operating lease, liability2,443
Other undisclosed noncurrent liabilities (0)  (73)(73)
Total noncurrent liabilities:3,7262,6912,3502,7448,25711,356
Total liabilities:31,6537,2667,19019,58514,63413,600
Equity
Equity, attributable to parent, including:(28,530)10,97513,9452,120(3,163)(1,787)
Preferred stock      
Common stock332725231817
Treasury stock, value  (249)    
Common stock, value, subscriptions    175 
Additional paid in capital35,37025,18524,02121,19712,67211,560
Retained earnings (accumulated deficit)(63,933)13,989(10,101)(19,275)(15,853)(13,364)
Other undisclosed equity, attributable to parent 0(27,978)    
Equity, attributable to noncontrolling interest  5111,012919  
Total equity:(28,530)11,48514,9563,039(3,163)(1,787)
TOTAL LIABILITIES AND EQUITY:3,12318,75122,14622,62411,47111,813

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues  32,95430,38920,1729,0151,048
Revenue, net32,95430,38920,1729,0156,508
Cost of revenue
(Deferred Sales Inducement Cost, Amortization Expense)
  (323)    
Other undisclosed gross profit30     
Gross profit:3032,63130,38920,1729,0151,048
Operating expenses(2,440)(33,154)(29,324)(21,452)(9,646)(7,486)
Other undisclosed operating income (loss)  (3,887)(925)(655)(913)5,459
Operating income (loss):(2,410)(4,410)140(1,934)(1,543)(978)
Nonoperating income (expense)(5,761)219,127(1,270)(946)(3,726)
Other nonoperating income 2151212782733
Interest and debt expense(5,919) (16)(76)(83)(3,704)
Income (loss) from continuing operations before equity method investments, income taxes:(14,090)(4,389)9,251(3,280)(2,572)(8,408)
Other undisclosed income from continuing operations before income taxes5,919 1676833,704
Income (loss) from continuing operations before income taxes:(8,171)(4,389)9,267(3,204)(2,490)(4,704)
Income tax expense (2,044)     
Income (loss) from continuing operations:(10,215)(4,389)9,267(3,204)(2,490)(4,704)
Income (loss) before gain (loss) on sale of properties:(4,389)9,267(3,204)(2,490)(4,704)
Net income (loss):(10,215)(4,389)9,267(3,204)(2,490)(4,704)
Net income (loss) attributable to noncontrolling interest  (501)93218  
Other undisclosed net income (loss) attributable to parent 2,0448,779(185)(435)  
Net income (loss) attributable to parent:(8,171)3,8889,174(3,422)(2,490)(4,704)
Other undisclosed net loss available to common stockholders, basic(91)     
Net income (loss) available to common stockholders, diluted:(8,262)3,8889,174(3,422)(2,490)(4,704)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(10,215)(4,389)9,267(3,204)(2,490)(4,704)
Comprehensive income (loss):(10,215)(4,389)9,267(3,204)(2,490)(4,704)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (501)93218  
Comprehensive income (loss), net of tax, attributable to parent:(10,215)(4,890)9,360(2,986)(2,490)(4,704)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: